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18416 W Robin Lane Surprise, AZ 85387

3 Beds 3 Baths 2,471 sqft Built 2020

$475,900

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $192.59
  • 2 Days on Market
  • MLS # : 6184901
  • Updated Date : 01/23/2021 at 08:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,471 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous brand new (2020) ''Olympic'' model. 3BD, 3BA w/ tons of upgrades. The only 2 Story surrounded by single story homes on all sides. Features two flex spaces that could easily be converted to addtl BR's or an office/den. Kitchen features built in upgraded stainless steel appliances, hooded glass cook top, gloss white cabinets, sparkling quartz countertops, huge center island w/ deep set farm house sink. Master suite features giant walk in closet, huge rain forest shower w/ drying pad, double sinks & private water closet. all BR's are generously sized. Polarized dual pane windows t/o. Front yard landscaping is complete w/ in ground watering system. Huge back yard features RV gates & is your blank canvas. Big enough for a pool, deck, grill or whatever you like. Seller related to L/A.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bellamy

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k276k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Bellamy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7991567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Kingswood Elementary School Primary Regular 674 36 4
Kingswood Elementary School Middle Regular 674 36 4
Willow Canyon High School High Regular 2,084 83 3

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Kingswood Elementary School

  • Education Level: Middle
  • # of students: 674
  • # of teachers: 36
4
GreatSchools Rating

Willow Canyon High School

  • Education Level: High
  • # of students: 2,084
  • # of teachers: 83
3
GreatSchools Rating
 

$428,310$523,490$475,900

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,653
Property Tax -$285
Property Insurance -$75
HOA -$62
Property Management Fees -$99
CASH FLOW
$496

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$475,900

PROJECTED PRICE

$2,670

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,114

INVESTMENT

$128,114

Down Payment
$118,975
Rehab Estimate
$2,000
Closing Costs
$7,139

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,653

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,975
Loan Amount $356,925
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$86,801

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,670

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,669

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,670
$2,670
RENT COMPS ANALYSIS
  • 18416 W Robin Lane Surprise, AZ 2
    • 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.08
    •  
  • 24202 N 170th Lane Surprise, AZ 1
    • 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2020
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
PROPERTY LISTING DETAILS
Annette L Chaveriat
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184901
Last Updated: 01/23/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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